As we approach the close of 2020, it is time to plan for year-end reporting. One of the main year-end reporting items that can be time consuming, and comes with stiff penalties if not done properly, is 1099 reporting.
We are aware that many of our clients are interested in applying for the second round of PPP. As such, we want to provide you with several important updates regarding the new requirements attached to the legislation.
Signed into law in 1935, the Federal Insurance Contributions Act Tax (FICA) outlines the taxes withheld from your paychecks to fund Social Security and Medicare. Let's take a look at how it impacts you:
Thank you for being a great customer of Seth and Alexander Advisors and Manish Seth CPA. As we continue to add value to your business, we always look to stay up to date with the best that technology has to offer.
President Biden recently signed H.R. 3684 into law on November 15, 2021. Also known as the Infrastructure Investment and Jobs Act, this piece of legislation includes a few tax provisions effective immediately that we’d like to bring to your attention.